Investment Fund NAV Rises to HUF 12.513 tln in Nov
Net asset value (NAV) of Hungarian investment funds rose HUF 535 billion to HUF 12.513 trillion in November, lifted by price changes and net subscription, monthly data released by the National Bank of Hungary (MNB) on Thursday show, state news wire MTI reports.
Price changes added HUF 317 bln to NAV and net subscription came to HUF 254 bln.
Exchange rate changes subtracted HUF 36 bln.
Equities funds had the biggest NAV (HUF 3.598 tln), followed by real estate funds (HUF 3.055 tln), fixed income funds (HUF 2.441 tln), and mixed funds (HUF 2.073 tln) at the end of the month.
There were 857 investment funds under the oversight of MNB in November.
ADVERTISEMENT
E.ON Launching HUF 74 bln in Network Investments
Gov't to Launch HUF 700 bln Business Credit SchemeÂ
Duna House Boosts Stake in Italian Peer
Avatar: The Way of Water Breaks Box Office Record in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
